Examlex
The Great Moderation consensus among macroeconomists is that fiscal policy should be used sparingly because:
Subrogation
The process by which one party assumes the legal rights of another party to collect a debt or claim.
Co-makers
Individuals or entities that jointly sign a loan or credit agreement, sharing equal liability for the repayment of the debt.
Cosureties
Two or more parties who jointly agree to guarantee the debt or obligation of another, sharing the liability.
Conditional Guarantor
A party that agrees to fulfill the obligations of a debtor, but only under specific conditions outlined in an agreement.
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